Unfortunately, however, there can be only one Connecticut place that's worthy of the HomeSnacks crown. The median income in this city is $81,634. With a median household income of $1,471,700, this is no place for people on a shoestring budget. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. The financial news and opinion site 24/7 Wall St . Read on to discover the 14 richest towns in Connecticut in 2022. Old Greenwich is home to some of the wealthiest Connecticut residents. Its capital is Hartford, and its most populous city is Bridgeport. Its not difficult to find a home to buy or rent, as there are 3,122 homes in the town, with just 2,935 currently occupied. The richest town in Connecticut is Darien, with a median household income of $251,200. Because it is a coastal town, you can spend most of your time on the beach and in natural parks. Most of the residents have gainful employment with high-paying jobs. Demographic studies show that 81.64% of the residents are white; however, only 42.4% of the children in the public schools are white, suggesting that the city is starting to diversify its demographic Population. A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. What you might love just a little less is how excruciatingly expensive it is to live here although theres an (admittedly very small) selection of housing options on the reasonable end of the spectrum, there are enough hugely expensive properties to push the median home value to a whopping $1,355,800. School test performance scores are above average, and 9.2% of students are eligible for free or reduced lunches at school. There are many factors that go into determining how rich or poor an area in Connecticut is, and the typical residents income can vary greatly from one place to another. Youll find a community of 1,300 Wall Street execs and affiliates living in Old Greenwich, Connecticut. The median household income is $99,791, and the average home price is $672,000. If the thought of paying $868,200 for a home makes you feel queasy, you might want to give Weston a miss. You'll receive your first newsletter soon! Only 16 states were represented in the top 100. Depending on individual tastes, personal circumstances, and the stage of life a person is at, everyone has different criteria in terms of what makes a great place to live. Just 16% of the homes are rentals. The downtown area is quaint and charming with plenty of restaurants, shops, and entertainment options. The next town on this list is Wilton. Darien The richest town in Connecticut is Darien, with a median household income of $251,200. Easton is a cute little city located just a short hop, skip, and a jump away from the amenities and attractions of the New York City metro area. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. Old Greenwich enjoys a low crime rate and excellent public schools. Middle-class and affluent, finding somewhere that doesnt test the limits of your credit card can be a chore, particularly if you reserve your home finding to Fairfield County, a place that boasts some of the wealthiest communities in the entire US. Despite its high per capita income, Connecticut is mainly a middle-class state. Westport is one of the richest towns in Connecticut with a median household income of $222,375. It has an average household income of $204,792, and the home prices range between $600,000-$800,000. The community is close-knit and safe, and while its not exactly the most buzzing of places, its calm serenity and lovely scenery are attractions in their own right. Westport is one of the richest towns in Connecticut with a median household income of $222,375. New Cannan, CT Average household income: $200,203.00 Living in New Canaan is like being surrounded by family. Riverside also offers residents a quick commute into NYC. The average home price in Ridgefield is $600,000, and it grants many benefits to its inhabitants: reduced crime rate, good schools, and an overall relaxed way of life. The largest city in Litchfield County, Torrington, grabs the number eight spot. Not all of the countries have a great reputation, Read More The 20 Best Places to Live in Latin AmericaContinue, There are quite a few reasons why people choose to live in areas that have low humidity. Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. A median income that sits at a mammoth $352,839. Old Greenwich residents are well educated with 80% of residents have obtained a bachelors degree or higher. Redding has a median home sales price of $1,030,000 and a median household income of $138,125. America's wealthiest people are starting to move into smaller cities, a new wealth report says. This site uses Akismet to reduce spam. The town is full of greenery and offers residents a tranquil vibe. It is bordered by Rhode Island to the east, Massachusetts to the north, New York to the west, and Long Island Sound to the south. Fairfield County towns have made yet another list of the richest places in the U.S. By Joselynn Chua / February 27, 2023. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. Norwalk, CT, USA 4. Avons diversity rate is better than most of its neighboring communities. The upscale community attracts residents who commute to New York City because its easy train ride to Manhattan. And if you have some time on your hands, take a look at how the other 99% live in Connecticuts poorest places. The average home price in town is $780,000. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. There is a good reason that Norwalk was listed as one of the. The state is home to 91 of the US 100 most affluent zip codes. Only 16 states were represented in the top 100. West Simsbury has 151,104 residents as of 2022. Easton is a great place to raise a family because it has a good school system. COS COB, CT Annual household income: $136,261, 17. 79.4% of the community are US-born citizens, with 11.73% born in other countries. Old Greenwich Annual household income: $222,794, 2. Weston residents are well educated with 78% of residents having obtained a bachelors degree or higher. Suburbs 101 confirms that Riverside is a wealthy suburb of the Town of Greenwich. People love to enjoy life and share it with family, friends, and neighbors. The city has magnificent homes with long driveways accessible through winding country roads and beautiful landscapes. The most affluent settled in the area to enjoy its beautiful beaches and other luxury amenities. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County. The average price of a home is $611,500, nearly three times the national average. Its also a better choice, Read More The 20 Best Places to Live with Low Humidity in the U.S.Continue. If the idea of paying $2,724 in rent each month makes you feel the same, definitely scratch it from your list. The average family home retails for a massive $611,500, almost three times the national average. Redding, Connecticut, is a small city with a population of 9,110. Its also a great place for students who want to attend college because it has many colleges and universities nearby such as the University of Connecticut, Yale University, Quinnipiac University, and Sacred Heart University. When Does a Seller Get Their Money After Closing on a House? The unemployment and poverty rates are 6.3% and 11.4% respectively. >> Click through to see how each CT spot ranked as well as each household income average. The average household income umped over $20k, but the cost of housing has also risen in this desirable community. Inflation-adjusted household income is one of the factors. Shelton has an extremely successful economy, with the 2nd lowest poverty level and lowest unemployment rate in Connecticut, at 5.4% and 4.9% respectively. Darien Profile Page with Infographics. According to the most recent data, the number of people living in Ridgefield has decreased by 0.7% since 2020. Although the town only has 6,754 residents, the median income per capita is $91,618, which is well above the average median income in the US. Theres no law saying you have to be rich to live in Fairfield, but it does help, especially if you want to buy a property at some point. Connecticut is home to some of the wealthiest people in America. With a median household income just shy of a quarter-million a year, Darian is an exclusive place to live. These are some, Read More The 10 Richest Zip Codes In CaliforniaContinue, Florida has the longest coastline of any state in the contiguous United States. The seaside neighborhood is a part of the Town of Greenwich, nestled on the beautiful waterfront with homes on its private beaches and all of the quaint little shops and dining venues the heart could desire. 45.7% of the children in public schools are eligible for free or reduced lunch programs. It is also one of the most diverse towns in the state, with over 50% of its residents being foreign-born. The average adjusted gross income is $222,660. All in all, Riverside is a town that offers a great quality of life to its citizens. As of the 2020 census, the population was 1,710. The next richest town in Connecticut is Ridgefield. To see the other wealthy places that made this list, take a look below. If you can afford a mortgage, its the better way to go in Fairfield. Connecticut's neighboring towns of Greenwich and Darien have a combined population of around . The median sales price of homes in Weston is $1,225,000 with 96% of homes owner-occupied and only 4% of homes being rentals. California was the most represented with 23 cities and towns making the list. What is it like to live in Greenwich, CT? A rain garden is an area dug slightly below the surrounding area that can catch and collect rainfall and keep it from carrying pollutants downstream. Both coasts have some, Read More The 10 Best Places to Live on the West Coast of FloridaContinue, Massachusetts is one of the most remarkable states in America. There are also plenty of parks throughout the town including Waterside Park which offers a great view of Long Island Sound as well as tennis courts and playgrounds for children. 20% of the residents pay rent, with 80% owning their homes. When you click through real estate links on our site, we earn an affiliate commission. Source: US Internal Revenue Service - 2018. The unemployment rate is 8.6% and the poverty rate is 10% in this city. The average household income in Woodbridge is $96,919, and the median home price is $595,000. Here are the 10 richest places in Connecticut for 2023: Shelton Milford Stamford Naugatuck Bristol Danbury Norwalk Middletown Norwich West Haven With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. The states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. If you plan to buy a home in New Canaan, the average price is $1.36 million. It is a very safe town surrounded by greenery. 1. Expensive homes and big salaries arent the only things the population of this small city get to enjoy: with New York City just a stones throw away, a close-knit community, prestigious schools, safe streets, and plenty of green areas, its every bit as desirable as it is wealthy. The Upper Middle-Class neighborhood has an unemployment rate of 2.8% in its 06073 zip code compared to the Harford County rate of 6% and the state rate of 4.01%. List of 25 Wealthiest Zipcodes in Connecticut; Rank Map Key Zipcode Zip Name County Adjusted Gross Income Median Household Income; 1: 06878: Riverside: Fairfield: $740130: Connecticut has a large number of wealthy towns and cities with high incomes among its residents, but this does not mean that every resident of Connecticut lives in a wealthy area. If you like close-knit communities with family-friendly vibes, well-respected schools, beautifully maintained parks, top-notch libraries, world-class restaurants, and a host of activities to get involved in (parades, festivals, pop up art exhibitions, shows the list goes on), then youre going to love New Canaan. The streets are safe, and the schools are highly rated. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . The median home price in Essex was $651,000 in 2022. Flavian Johnny is the founder of Mostexpensively.com - a blog that serves as an invaluable resource for expatriates and travelers looking for something special and unique. However, the average house prices range from $1,5 million to $3 million. The remaining six wealthy Connecticut communities, all in Greenwich, in order are. The upside to all those sky-high prices is a median income that ranks as one of the highest in the state. Wealthiest Towns in CT Final - Suburbs 101. It has an average household income of $234,152 and 6,611 residents. Many of these towns are wonderful places to live due to their incredible verdant spaces and proximity to the city and ocean. Woodbridge, CT Annual household income: $205,541, 7. Its one of the areas wealthiest communities, with the median annual household income at over $215k. Redding residents enjoy a peaceful life in a rural setting, away from the hustle and bustle of city living, yet still within a 1.5 hour drive to Manhattan. Connecticut is no ones idea of a poor state. Related: The 10 Wealthiest Cities In Missouri. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. Stacker.com compiled a list of the richest towns in all 50 U.S. states, which lists Newtown Borough as having a median household income of $140,625 (104.7% more than the U.S. median income). All Rights Reserved. Fairfield is a moderate-sized city in Fairfield County. Research has shown that the climate of a location does have an impact on persons with moderate, Read More The 20 Worst Places to Live if you Have Arthritis in The U.S.Continue, If your dream is to live or explore in the wealthiest neighborhoods, California is the state for you. Weston has been named one of the best places to live by Money Magazine, and it has consistently been ranked as one of the safest towns in Connecticut. If you plan to rent in the city, plan on paying double the national average as apartments and homes go for $2,469 per month. A town covered in vibrant nature, Avon is one of the richest towns in Connecticut. There are many things to do including going to the beach and shopping at the local malls. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. The unemployment rate in this city is 10% and the poverty rate is 9.6%. The staggering low unemployment rate for 2022 is 0.4%, far below the county, state, and national averages for unemployment rates. What are the richest towns in Connecticut? Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. Its also known for its rich history and is listed on the National Register of Historic Places as Woodbridge Green Historic District. Well, according to the latest Census data, the richest place in The Nutmeg State is Shelton. It's also home to the state's only national historic site, Weir Farm. With a median household income of $1,471,700, this is no place for people on a shoestring budget. Its a haven for New Yorks very rich to escape the hustle and bustle of big money firms and agencies. Want to learn more about Riverside? New Canaan has a small-town feel with big-city amenities. The median household income in New Canaan is $214,977. 10. Education Levels And out of all the towns in Connecticut, none are wealthier than Greenwich in Fairfield County. The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. Four Connecticut towns made the top 50 list (well, three depending on how you look at it): Darien, Old Greenwich, Riverside (Greenwich) and Westport. The high demand is getting harder to find places for sale. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. Want to learn more about Darien? From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. To compiler their 2020 list of the 50 richest places, Bloomberg "evaluated inflation-adjusted household data for all U.S. locations with a minimum of 2,000 households (as defined by the Census), and ranked them based on average household income. The town is also known for having excellent public schools. However, if you want to experience a slower rhythm of life in one of the richest towns in Connecticut, youll need to be prepared to pay up, as home prices are costly. Its harbor and beaches are popular among boaters, who are drawn by the calm waters of Long Island Sound and easy access to New York City via ferry or bridge. Greenwich had a median household income of $180,484 in 2021 and is known as one of the richest cities in America.